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20130326
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Search Results 0 to 27 of about 28 (some duplicates have been removed)
in with a safety plan to safeguard russian deposits in cyprus. steve sedgwick is in moscow where he caught up with the finance minister there an hour or so ago. steve? >> they turned to russians once again. there's a loan on the table from russians dating back from 2011 so it's not the exception to it the rule for the cypriots to turn to the russians. the russians themselves are indignant they weren't brought into talks. let's hear what he had to say earlier on about the state of the current talks. >> first meeting very constructive. very honest discussion. we underscored how difficult the situation is and we'll now continue our discussions to find a solution by which we hope we will get some support from russia. >> in terms of that support, are we talking about a change of terms for the current existing 2.5 billion euro loan and an extension of 5 billion loan in addition to that? >> we are talking about things beyond that. >> in what way would this be beyond that? >> we don't know. we don't know yet. we don't have any details. we just continue the discussions and they're waiting for us now t
has been struck for a loan. i think we have steve on the phone from moscow. stay there for one second. steve, you just left this meeting where we are potentially looking for cyprus to maybe get some kind of deal here from the russians to help solve their debt problem. sounds like they are coming away empty handed. >> absolutely. there are more talks ongoing. i caught a couple of words with him as he was walking out. as you rightly quoted he said talks were constructive. they were ongoing. he told me he was on his way to a different location and that there would be more talks ongoing that have been constructive and then i asked him very specifically about the loan agreement that had been agreed between russia and cyprus in 2011, that's a 2.5 billion euro loan, 4 1/2 year loan. there were question marks in the press about whether this would be a loan which would be extended in terms of term and interest rates lessened. he said to me in response to my question about that loan we are looking beyond that. i'm not sure if we're looking at an extension of loan. people talked about a 5 billio
. the idea this could happen here is still a haunting one, one that will be addressed by steve forbes in this hour. steve forbes, "forbes" media chairman and editor-in-chief weighs in. shibani: we'll look forward to that. after hurricane sandy ravaged downtown manhattan signs of spring are emerging not necessarily in the weather but the housing market. real estate sales in the area sky vapering -- skyscrapering high. this developer had 600 million in sales this month alone. can you believe the commission on that. david: resilience lower manhattan never ends. stocks pushing higher, bouncing back from the biggest drop in nearly a month on the expectations cyprus will reach some kind of a deal over the weekend but today's gains came up post posting a weekly loss, a weekly loss. today woos good. the dow falling into the red for the first time in five weeks, while the nasdaq and s&p 500 snapped three straight weeks of gains. consumer step peltz and telecom were this week's top performing s&p sectors. >>> natural gas falling into the red but closed the week higher. prices rose more than 1%
a news conference and steve liesman will join us with the exclusive findings of the cnbc fed survey, coming up at the top of the next hour. the other big global market this morning continues to be cyprus. the parliament there is expected to reject the attacks on bank deposits. the decision would effect hely block a bailout and push the island nation closer to a debt default and banking collapse. it is possible the vote today won't happen if leaders are sure it will be rejected. as for the global markets this morning, the major equity indexes closing lower yesterday, in large part because of fears about that cyprus bailout plan. and it's on track to post its best numbers of the year. >> the biggest corporate headline this morning is a weird one. lululemon is pulling shipments of some women's yoga pants from its stores. the athletic clothing store says the move is going to hurt its bottom line. they had an unacceptable level of sheerness, so you could see through them a little bit too much. that's the problem. the decision to pull the pants will be lead to go a shortage of its black w
. steve sedgwick is there and asked a question of the two leaders. >> are we proving time and time again in europe that we're not understanding the russian national interest over issues such as cyprus, over issues such as trade in wto, energy and elsewhere? >> i believe i understand the position of russia. i believe why russia has that position, but we have another perception and reality. the question is, is this a real obstacle for achieving progress? for instance, we have discussed today here for trade, investment, energy to mobility. i don't think it is. >> and michelle caruso cabrera will join us with more in the next hour. >> customers, by the way, are finally going to be able to get their hands on the blb 10 today. jackie deangelis has more on this debut. jackie, i know joe is a skeptic now that he's a new i tone -- >> my life is so enriched. >> but i am still completely reliant on this thing. this one doesn't even have the real keyboard, right? >> right. and you make a really good point. a lot of people are still relying on the blackberry. it does go on sale at at&t here today. i
" word, recession. steve liesman has more details on that. hi, steve. >> thanks very much, sue. we're here with the growth forecast from our 54 respondents. first i'll show you what the gdp -- i guess we're going to do the recession here first. you can see back in september 2011, when we're dealing with debt ceiling, the probability of recession by this group, 36%, fell to a low of 19% around the winter of 2012. remember when everything was being looking good, it dipped down again. the probability of recession went up again. now it's fallen again for the second straight month. 2011, 17.6%. not quite off the charts because we still have room here but it's the lowest that we've seen since we began asking this question. i don't know if we have the growth forecast chart here, guys, if we can go back to that. here are the actuals. year over year gdp, 2.6, 1.8, lackluster and picking up to a lackluster not great 2.6%. i want to share with you some views of the economy from our 54 respo respondents. firming housing prices are a game changer. there is something much more self-feeding about
than expected with $17 million. steve carell's flopped with just $10 million, one of the worst days ever for the comedian. >>> anderson cooper was honored this weekend and celebrated by planting a big, awkward kiss on madonna. the material girl presented the award to cooper dressed as a boy scout in protest of the organization's ban on gay members. that was clumsy. >>> finally, the "forbes" list of most influential celeb rights is out. steven spielberg, ron howard, and george lucas. the number one went to none other than oprah winfrey. there was a lot of talk about her channel not doing so well at first but it's grown steadily, up. >> she changed the strategy. >> changed a little bit, still big books. >>> we want to tell you about a new addition to the family. veranda de la cruz gave bird to a beautiful baby boy. veronica tells us she and baby hart are doing just great. "way too early" starts right now. >>> they talk about rebranding the gop. instead of restoring the trust of the american people. we're not here to rebrand the party. we're here to rebuild a country. we're not here to
york stock exchange. steve liesman is at the bernanke conference in the room there. is that it? that's all the people we could bring in here? mark, you've been sitting here with us. what did you make of what you heard today and the market response? >> i thought narcotmarket respos very good, bill. and i commend the committee. i think they're doing a phenomenal job at this point in time, really. investor sentiment is rising. as long as unemployment remains above 6.5%, i think the fed will do everything to provide accommodative policy. their mandate is to get the unemployment rate below 6.5%, and i think investors, overall, at least my clients and i sense that of other clients, they're feeling really good about the risk assets right now, versus, you know, what might be going on in the economy. >> right. but i guess, kenny palkari, you've been watching the story from the floor there. what kind of flow did you see as bernanke was talking? is there any feeling that anything changes for the foreseeable future? >> no, there is not. and you know, we've actually been talking about this for a
there a little bit about cyprus. does it matter, do we care or not? will we get a deal? checking it out. steve sedgwick in moscow earlier today. russia's been a big player in this drama but our international correspondent, chief international correspondent michelle caruso-cabrera is in cyprus for us now. michelle? >> reporter: tyler, the situation in cyprus is incredibly unclear and increasingly chaotic. the parliament of this country was supposed to vote ten hours ago to pass a law that would allow them to restructure the banks. we're still waiting. it's unclear if they are going to vote today at all. at the same time we're getting reports that maybe the european union is going to demand even more from this country. hours ago we were told by the leader -- the head of the leading party that they were extremely close to a deal and yet we still wait. the same time it's growing increasingly chaotic in this country's economy because the banks are still closed. they have been closed for seven days now. it looks like they will be closed for at least ten days. that means people running businesses can
's quarterly results and guidance perhaps a little bit disappointing. let's get back to our guest host steve romack for the last words. you like aon. it's one of the larger positions. >> only 20% comes from the u.s. of the revenue -- is that what you said? >> 20% of the companies that we hold. 20% are domiciled in the u.s. and 50% come from overseas and a lot of the things we're finding lately have been a special situation. we were long renault and short nissan because we were able to create the stub at a negative $5 billion euro valuation with the company that has great balance sheet and cash flowing positive and we're long vodafone and short verizon because vodafone owns 45% of verizon wireless and verizon owns 55%. we were creating the stub at a pretty inexpensive price. >> anything else that you like? >> you don't like the consumer. >> we're cautious. we're scared of how the government keeps putting money in people's market. the government trumped 2.4 million jobs and they didn't talk about the 1.9 million people on food stamps and snap program. so we're just very, very cautious. >> you'
administration is giving them. questions? lots of questions. steve, bad timing or is it? >> we've been doing this for years and years, i don't know if timing is the issue, you actually got it right, reason we give money to egypt and palestinians. this is a bribe, we say we'll give you money if you don't invade israel. but at a time with big cuts and programs that people care about, i was writing today about impending cuts in air traffic control system that will cause havoc in the airports, people are saying, why are you cunning this not that. neil: that sounds unreasonable. >> ier in heard that before. e never heard this before. >> the question, 300 million is last year's money. that money was -- >> use that to keep the white house open. >> that was frozen by congress, and quietly, unfrozen, is the word they are using. and obama seeking 200 million already appropriated this year from pot that says 440 million, so we're walking around throwing out money, like little christmas goodies every time john ke kerrr barack obama visits a place. neil: you can see how americans are seeing this even fed
. it was a growth stock. it missed the quarter. quarters matter and andy grove, they went toe to toe with steve jobs in walter eisen's book, but the quarterly increment, and it is a fair way to judge everybody. >> best book ever. >> apple's failed that test of the quarterly report. >> all right. coming up, is a yoga pants crisis coming? lululemon recalling pants that are too sheer. picture this. now there could be a shortage in the price of yogawear, what might that mean for the stock? we'll talk about that and tight, sheer, yoga pants, melissa. >> lulugetton. . you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. falling. falling. it is recalling some of its yoga pants because of their sheerness. the move affects 17% of the bottoms it has in stock and lululemon is offering full refunds to customers. one analyst points out t
that apple is at risk of having a dusty product? >> well, i think you have to separate two things. steve jobs only gave you one product and he told you you'd like it and you did. tod today, unfortunately, a lot of consumers may want a bigger phone and a new phone and apple is not giving you the breadth and the product line that a lot of us would like. i don't know if you call that dusty or not, but what i would say is you don't have a lot of choice. when the iphone first came out it was the only thing out there that could do what it did. today, i would argue samsung makes a better phone and the good thing about an cell they have a great ecosystem in i tunes. i have over 1,000 songs and books and movies in there so that kind of keeps me locked in so i'm probably not going to be able to move to a samsung phone, but in emerging market countries where you're buying your first phone, don't forget, apple's total share of the handset business is 8%. so the other 92% that have other phones, you know, they may move to samsung and apple may lose out on those future sales and that's -- whether it's a du
. kelly, back to you. >> steve, thanks very much for that. any deal with russia may be premature certainly isn't going to calm things in cyprus. this morning, the european central bank in a statement has said in order to continue its emergency liquidity systems past monday the 25th, cyprus has to have a bailout in place. any prospect of that? >> well, that adds a sense of urgency to the situation. timing is really crucial here. and now with this ultimatum from the ecb, the cypriot banks are hoping that a deal can be found as soon as possible. because what they've been relying on over the last couple of days and weeks is that eoa assistance from the ecb. that, kelly, is the main reason why they have been able to stay solve solvent. but i want to come back to a point that steve brought up this morning. but would one bailout deal even be enough? 5.8 billion euros don't seem enough when the banks do reopen next tuesday and we're likely going to see big depositit outflows. one economist i talked to this morning said to me, what's really likely at this point is that we're going to see a second b
would be able to complain about it steve, if people have questions out there, one question is, where else can i put my money? biggest banks in the country. may or may not be at risk, there may or may not be questions, but what other options do i have, someone with serious money and saving for a lifetime. >> the banks of paying least amount of interest. there is no question that the banks the return on your investment in banks is very low, but, i do want to state that the return of your investment in u.s. banks is still highest almost that it has been, u.s. barges are safe as they have been in 50 years, i don't think there is a question there the place to be right now is in stocks. not just because stock market is rising but because earnings yield, the aim you get a dollar's worth of earnings for a dollar investment is very high. relative to what you are getting in savings accounts, that is where your money should go. stocks are the place to be. gerri: all right, lance, do you agree with that? you know you said major banks are still a financial train wreck, what do i do about that? >>
of concerns. >> let's also bring in steve leaseman and rick santelli for more reaction. why don't you start off with your views with what you're hearing from people there when you're looking attic movements. what really jumps out to you? >> i'll tell you what, and i am totally serious about this. when i walked in, this is a little earlier than our regular time. people are walking around, taking care of issues from friday. people have come up and said i understand this is a little island with a gdp that's in fan tess mal. i'll tell you what, i'm kind of shocked that it made that jump. i understand that at a time where computerization allows every government on the planet to track and have say complete financial audit trail of everything anybody has, whether it's in this country, 401(k), deferred retirement account. there's a rule of law issue here that's not only going to bug people in cyprus but it's going to bug everybody around the globe. that last comment you played is ridiculous, we'll never do it again. it is absolutely beyond belief. but this really is a shot across for anybody who ha
would lose badly. these creative geniuses make a big difference. we talk about the return of steve jobs, apple or what howard schultz could do with starbucks. absolutely, this guy has to be a part of equation if the shareholders and customers are going to come out on top. >> but if shareholders can get more from blackstone or more from carl icahn and lose michael dell if the process, maybe they don't care what happens next. >> that would be a shame. that's not for institution building. you take a look at -- sometimes we have some failures and i hate to say this in public markets, the pressing scrutiny is hard for some chief executives to reposition their firms the way we saw cesar had to do this. the short-term market fluctuations, they get a chance to get past speculators. this is not wild guesswork. dell has done this five, six times. nobody can be better battle tested and brilliant steve jobs only did it once. >> did michael dell make a mistake in agreeing as part of his taking private transactions to vote his shares however the other shareholders want? so that he has effectively los
of this deal? steve forbes is the chairman and editor of chief of forbes media, he joined me from new york. i understand that if you're an investor in spain or italy, you're watching nervously what's happening in cyprus. but if you're a businessman in america or asia, do you really need to care? >> i think so. because we are in a global economy. and what was done to cyprus has been an absolute disaster because any time a country now fears that they might have a financial crisis, first thing people are going to do is start a run on the bank. they're not going to take any chances. and so the germans and the e.u. boesched this thing. the i.m.f., it was done i think for political reasons, the germans did not want to see bailing out russian olegarks in election year but the way they did it was horrible. what they should have done is guarantee at the beginning those 100,000 euro deforests, anything above that they'd get shares in the new bank. you might take a hair cut but normally when a bank goes under, the creditors get shares in a new bank. these guys are just wiped out with no hope of recovery
, jon heilman is back. former treasury official and "morning joe" economic analyst steve ratner. in washington editorial director of the national journal group, ron fornia. >> we are halpern, heilman every sunday night late to get ready for the show and we go to the hippest place there and where is that? >> i don't know. i've never been there. >> we go to brooklyn. >> there is a quizino's there. >> we don't want that to happen, we don't want people like me to go to these places but we do. we go last night, right? >> yeah. >> what is wrong with my sweater? >> i'm sorry. it's just -- >> i'd make him take the sweater off first. >> a little too connecticut? >> a little too connecticut. >> so we go in. last night, we are in there and usually we are watching wrestling or something like that. >> dutch wrestling. >> right. right. >> midget wrestling. >> bring it in for a landing. >> jon says to me, wait, wait, wait! doing the whole thing on the bible. we ask the bartender to switch the channel. we are sitting there drinking and doing shots and watching the history channel's "jesus." we
on february 6th steve in florida called for input on black rock kelso capital, bkcc for all you home gamers. i didn't know it and introduced digging, black rock kelso invests in what are known as middle-market businesses, companies with revenues between $50 and $500 million. the stock yields a 10.4% yield which seems like a red flag, but as you know we find sky high yields a worry, but this is a investment company that trades with the elevated payouts. at the same time, we are a private equity player like black stone, more upside and more predictability. next up brett was one of my amertus with one of the largest networks of assisted living, retirement and alzheimer communities in north america. they care for seniors who can't stay home alone anymore but not in need of nursing care chchlt is a stress full-time for everyone involved. the company on some 190 communities leases now is 141, about 30,000 units. i think amertus is in the baby boom for my generation. did you get an excellent entry point here? let's check your tweets send to @jimcramer on twitter. visited twitter yesterday and had a t
that the cyprus crisis will not be fixed any time soon and will come with serious consequences. steve sedgwick is standing by with the latest from there. but first our own michelle crew c caruso-cabrera is live in cyprus. >> reporter: the situation here grows increasingly desperate. they're down to the wire. cyprus government has to make a decision about what they're going to do. look at the lines that have started to form at nearly every atm of the bank here in cyprus, this liky is considered one of the weakest. they're still able to get money out of the atms in cyprus though banks have been closed all week and won't reopen until tuesday at the earliest. people in line are quite frightened because they know that this is the weakest bank and there had been rumors about it. it is likely to be part of any consolidation effort is that ultimately is what happened. that's every single day likely to be the case. listen to what one man said. he's been taking out money every single day. >> i just took $1,000. i've been taking $1,000 every day. personally i'm taking this money and cash with me to the u
of the world. steve liesman on his way soon to westchester county. robert, who knows where he's going. what it might mean for russia's rich. >> nondisclosed location. >> tyler, i'm looking at the markets and the commentary coming in to my e-mail. i think knee-jerk contagion is now becoming contagion as some investors doubt that what's going on in cyprus is really raising concerns about the positive insurance worldwide. citi group in a report that just came out, contagion risks are over rated in our view. the risk of bank runs in other euro area countries has clearly risen but the unique features of the cypriot situation should limit the read through to other cases in the euro area. in case you didn't know this, issuing a strong statement the reassure american depositors. while the situation in cyprus is a real concern for the depositors in cypriot's banks, depositors in the u.s. banks are insured. the cyprus debacle is the sort of thing that has kept the fed on age and as gresive stance on monetary policy. fed would increase by 85 billion in additional mortgages because it's already on edge
relationship with. joining us now a former assistant to president vice cheney for security affairs. steve vin yates. a lot of politics in play for both of these leaders. if we take a step back for a moment and concentrate on a best case scenario for america and americans what should come out of this meeting. >> the best case scenario would be to find a common way t to deal with threats. the iranian threat affects many countries around the gulf and also the broader region. then there is the on going civil war in syria, which is many ways is an iranian proximate see war with other powers with great consequences, seemingly with no end. a way forward in those areas would be ideal. i have limiteddess expectations about this trip accomplish thing. jenna: why? >> first and foremost if you're looking at major leaders dealing with other major leaders there is always a problem of major trust and rapport in sealing a deal with compromise on both sides. president obama's relationship with the prime minister of is real isn't one of those relationships with warmth, trust and in a position to move some kind
that johnny carson performed in and the great steve allen. >> jimmy fallon, couldn't be a nicer guy. >> a nice guy. >> funny guy. >> great guy. >> a good move. >> it's a good move. >> one of the generational changes upon us. >> the. >> seriously if you think about kimmel and fallon. i think the only premier generation left is letterman. >> my generation? >> the geriatric old man. >> let's go to politico. i did have a mcdonald's story for you. >> he has done very well in the ratings. a little back and forth between him and the executives. you telling me if i compare my boss to snakes, you're saying that might hurt my career trajectory? >> it's not traditional. >> it is not a traditional matter, of course. >> okay. we will get to that later. >>> bus is the chief white house correspondent for politico, mike allen is here with the morning playbook. mike, good morning. >> good morning, mika. >> in today's behind the curtain column you say the gop now belongs to senators marco rubio and rand paul. how so? >> you might as well call it the rand/rubio party, because the energy, the excitement and the p
lead to steve cohen, sac former fund manager trading on alleged insider information on elon. expert period of time network guy giving him the information. he was looking at the capital whole another time before the financial crisis because he thought they were cherry picking. looked like certain of segna's hedge fund clients obviously they got a tip along those lines. they were getting benefits. others weren't. when was raj. whether they looked at trading went on the trading looked suspicious. ahead of deals. sort of the stuff in this indictment. they looked at raj's trading too. that is when they really, that's when they really started to bear down. that is what led to raj rajaratnam, fascinating that the brother who started the whole thing who got raj, bigger brother in trouble is now six years later now being --. ashley: he is not off the hook. >> not off the hook. pleading not guilty. his brother did as well. we'll see what ha hoops. ashley: great stuff, charlie gasparino. >> follow that line of reasoning. hopefully makes for a great book. tracy: will make a great book. good stu
in the biggest worry to me is the effect of this whole union of the think banking commit pep steve liesman was talking about it this morning and i think he's right. there will be people slowly moving deposits out of the higher risk countries and maybe into the u.s. and the uk, as well. here's what to look for. april 4th and that's the ecb meeting. watch what mario draghi has to say about that and that he'll make liquidity more available to banks. remember those ltros that they did about a year ago. don't be surprised that they dragged those things out again and everybody was talking about the weak top line growth. there is the company that has to be the envy for everybody looking for top line growth. their projected sales for 2014 and 10% to 12% increase and take out all of the new stores and same-store sales growth, 4% to 6% and those are really good numbers and that stock's up today sitting at a six-month high and i want to see a big welcome to people on the floor and we have ice traders on the floor and intercontinental exchange and they have 40 new traders in the blue room and they'll
Search Results 0 to 27 of about 28 (some duplicates have been removed)